Quote:
Originally Posted by L-Pink
Right now the CD rates are almost zero anyway. If you're retired with cash you don't earn shit.
|
Yea, If there is some downtrend in the economy the Fed isn't gonna have anywhere to go except 1) buy more bonds again - they currently own 4 trillion 2) negative interest rates
I don't like the idea of paying people to just hold my money. I am thinking of getting a safety deposit and putting cash in there. Rumors in Greece that banks are raiding the safety deposit boxes to fill the ATMs.
If I pull my cash out and take the money home, There is the real problem of getting pulled over and the cops stealing my money.
Blue chip stocks are already way over priced.